KOSPI Maintains Upward Momentum on Institutional Buying; Hyundai Motor Surges 8% [fn Afternoon Market Report]

According to Financial News, the Korea Composite Stock Price Index (KOSPI) continued its strength on the afternoon of the 31st, buoyed by institutional investor buying.
As of 2:15 p.m., the KOSPI was trading at 4,107.27, up 0.50% from the previous session. The index opened at 4,083.25, down 0.09% from the previous close, but soon reversed course and moved higher.
On the main board, institutional investors purchased 826.3 billion won worth of shares. In contrast, individuals and foreign investors recorded net sales of 110.9 billion won and 660.7 billion won, respectively.
Among the top market cap stocks, Hyundai Motor was trading at 2,885,000 won, up 8.87% from the previous session. Kia also rose 3.87% to 1,207,000 won. Other notable gainers included Samsung Electronics (2.59%) and HD Hyundai Heavy Industries (2.53%). On the other hand, LG Energy Solution (-3.29%) and Hanwha Ocean (-1.49%) declined.
By sector, Information Technology Services (4.52%), Entertainment and Culture (2.90%), and Transportation and Warehousing (2.52%) showed strong performances. Conversely, insurance (-1.41%), Chemistry (-1.39%), and nonmetal (-1.18%) sectors weakened.
At the same time, the Korean Securities Dealers Automated Quotations (KOSDAQ) index was trading at 900.11, up 1.04% from the previous session.
In the KOSDAQ market, foreign and institutional investors recorded net purchases of 94.9 billion won and 147.2 billion won, respectively, while individuals posted net sales of 218.3 billion won.



hippo@fnnews.com Kim Chan-mi Reporter